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Senior Contributor

Faust- a few land auctions/All CLASS B Soils/Low to Mid 70's CSR Ratings

Faust- I will keep you posted on the Auction selling prices on these farms. They should be a good measurement of an average Iowa farm in the low to mid 70's CSR Rating. Also the affect of $5 new crop corn prices on farmland values. $5 new crop corn prices according to my ROI Numbers will level farmlannd values out to around a $12,500/acre selling price for these average Iowa farms I believe. The really good 80 and above CSR dirt should probably hold on to the $15,000/acre current prices, but just barely, the ROI for the really good stuff is at 3% at a 220bu yield and a $5 new crop corn price. You know, maybe just my attutude today, but maybe I should sell an 80 or 160 acre farm, I really wouldn't miss one of these small farms, the $2.4 Million Dollars in the bank from just a 1/4 section would be nice. However, we have nothing that we need to buy, they have just about finished my wife's $50,000 new kitchen, it took 6 guys to carry in the solid granite kitchen counter-tops this morning, they weigh about 400 pounds per section and she bought 8 sections to cover all the counter-top space in the wife's "DREAM KITCHEN"!!!! What a waste of farm profit money, but you know women and there kitchens!!!!!! Using you as a sounding board for my problems today!!! Oh well, better to bother you with my problems than tell the wife the money on the new kitchen was a waste!!!!!! LOL

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160 ACRES, JONES COUNTY, IA
23946 230th Street, Monticello

AUCTION - Saturday, June 8, 2013 at 10:00 a.m. in Monticello, Iowa
CSR/PI Rating: 72
Property Type: § Acreage
§ Farmland

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80 ACRES, JONES COUNTY, IA
230th Street, Monticello

AUCTION - Saturday, June 8, 2013 at 10:00 a.m. in Monticello, Iowa
CSR/PI Rating: 71.4
Property Type: § Farmland

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75 ACRES, JONES COUNTY, IA
230th Street, Monticello

AUCTION - Saturday, June 8, 2013 at 10:00 a.m. in Monticello, Iowa
CSR/PI Rating: 72.5
Property Type: § Farmland

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5 ACRES, JONES COUNTY, IA
23946 230th Street, Monticello

AUCTION - Saturday, June 8, 2013 at 10:00 a.m. in Monticello, Iowa
CSR/PI Rating: n/a
Property Type: § Acreage

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176 ACRES, HAMILTON COUNTY, IA
Olsen Avenue at 340th Street, Jewell

AUCTION - Friday, June 14, 2013 at 10:00 a.m. in Jewell, Iowa
CSR/PI Rating: 78.5
Property Type: § Farmland

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